Leslies Inc (NASDAQ:LESL) shares, rose in value, with the stock price down by -3.20% to the previous day’s close as strong demand from buyers drove the stock to $5.45.
Actively observing the price movement in the last trading, the stock closed the session at $5.63. The value of beta (5-year monthly) was 0.93 whereas the PE ratio was 56.95 over 12-month period. Referring to stock’s 52-week performance, its high was $11.68, and the low was $4.39. On the whole, LESL has fluctuated by -27.24% over the past month.
With the market capitalization of Leslies Inc currently standing at about $1.01 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024 – May 06, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.18, which is expected to increase to $0.46 for fiscal year $0.28 and then to about $0.41 by fiscal year 2025.
Analysts have estimated the company’s revenue for the quarter at $201.52 million, with a low estimate of $192 million and a high estimate of $207.47 million. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.44 billion, representing a decrease of -0.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that LESL’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 5.87, with the price of LESL currently trading nearly -20.20% and -23.93% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.00, while the 7-day volatility ratio is showing 6.02% which for the 30-day chart, stands at 6.52%. Furthermore, Leslies Inc (LESL)’s beta value is 0.93, and its average true range (ATR) is 0.42.
A comparison of Leslies Inc (LESL) with its peers suggests the former has fared considerably weaker in the market. LESL showed an intraday change of -3.20% in last session, and over the past year, it shrunk by -48.63%%.
Data on historical trading for Leslies Inc (NASDAQ:LESL) indicates that the trading volumes over the past 10 days have averaged 2.85 million and over the past 3 months, they’ve averaged 2.76 million. According to company’s latest data on outstanding shares, there are 184.33 million shares outstanding.
Nearly 4.66% of Leslies Inc’s shares belong to company insiders and institutional investors own 114.25% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 20.08 million shares as on Mar 15, 2024, resulting in a short ratio of 7.95. According to the data, the short interest in Leslies Inc (LESL) stood at 10.88% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 22.38 million. The stock has fallen by -21.13% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LESL stock heading into the next quarter.
